South Korea: Economic freedom, overall index

* indicates monthly or quarterly data series
 South Korea

Economic freedom, overall index (0-100)

 Latest value 73
 Year 2024
 Measure index points
 Data availability 1995 - 2024
 Average 71
 Min - Max 66 - 75
 Source The Heritage Foundation
For that indicator, we provide data for South Korea from 1995 to 2024. The average value for South Korea during that period was 71 index points with a minimum of 66 index points in 2005 and a maximum of 75 index points in 2022. The latest value from 2024 is 73 index points. For comparison, the world average in 2024 based on 174 countries is 59 index points. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
South Korea - Economic freedom, overall index - Recent values chart

Historical chart
South Korea - Economic freedom, overall index - historical chart - 1995-2024




Definition: The Overall index of economic freedom has ten components grouped into four broad categories: Rule of Law; Limited Government; Regulatory Efficiency and Open Markets. The overall economic freedom is scored on a scale of 0 to 100, where 100 represents the maximum freedom.

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 Related indicators Latest value Reference Measure
 Property rights 88 2024 points
 Freedom from corruption 69 2024 points
 Fiscal freedom 92 2024 points
 Business freedom 85 2024 points
 Labor freedom 57 2024 points
 Monetary freedom 77.30 2024 points
 Trade freedom 73 2024 points
 Investment freedom 60 2024 points
 Financial freedom 60 2024 points
 Economic freedom, overall index 73 2024 index points
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